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Should you buy DMart at its current market price of ₹2,190?

The retail stock has jumped almost 50% from its 52-week low, but with Jio entering the space, its valuation may be at risk

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Published 10 months ago on Aug 17, 2020 2 minutes Read

Abneesh Roy
Executive vice president, Edelweiss Securities         

DMart is a zero-debt company with a good net cash reserve and extremely strong in the offline space. We believe it is fairly valued and a good stock to buy for two to three years. Of course, Jio, Amazon and Flipkart are getting more aggressive, but they will expand share of organised players. DMart offers the lowest prices every day, which has helped it build a loyal customer base. Its growth is expected to sustain with additional 59 stores in balance part of FY21 and FY22. They are also o

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